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Citrus Oil Market

Global Citrus Oil Market – Size, Share and Forecast (2019-2026)

SKU: DFB89 | Last Updated On: 2019-05-23 | No. of Pages: 195 | Available Formats

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In November 2017, Symrise has announced the launch of a new series of citrus essence oil replacers, including certified organics. The fully sustainable products are designed to mimic the taste profile of citrus essence oils.

Citrus Oil Market 

DataM analyses the complete scenario of the global Citrus Oil market segmentation, geography analysis, companies, trends and opportunities in the market. The market is segmented by source ( orange oil, lemon oil, grape fruit oil, lime oil, others (mandarin oil)), by application (food and beverages, pharmaceuticals, personal care, chemicals, others (home care products)) and by region (North America, South America, Asia Pacific, Europe and Middle East and Africa). 

 Citrus Oil Market Overview

Citrus oils are usually extracted from fruits such as oranges, limes, lemons, grapes and other citrus fruits. Owing to their benefits, they are used in a wide range of applications. In end-user industries, citrus oils are used as a flavoring agent, fragrance, cleaner (solvent), and as ingredients in sanitizers. In addition, the therapeutic and aromatic properties of these oils is also leading to their usage in foods and traditional medicines as natural alternatives to traditional medications.

The Global Citrus Oil Market is valued at USD XX million in 2018 and is expected to grow at a CAGR of XX% in the forecast period 2019-2026 to reach a value of USD XX million by 2026. 

Citrus Oil Market Dynamics 

Increasing adoption of natural ingredients and green chemicals and health benefits associated with citrus fruit oils are the key factors driving the global citrus oil market. 

The most prominent oil being d-limonene is used in a plethora of applications. As limonene is a plant-based derived solvent, it has minimal adverse impacts and thus will be witness a high upsurge in its demand in the foreseeable future. In addition, the therapeutic and aromatic properties of citrus oils is also leading to its usage in food and traditional medicines as natural alternatives to traditional medications. The growing food demand due to the increasing population of the world is expected to spur the demand for natural food ingredients owing to their health benefits. Citrus oils help in losing weight, prevention of cancer, treat cancer and treat bronchitis. It is also used as flavor and fragrance substance in various food applications and are recognized as safe in food application by the Food and Drug Administration (FDA). According to the Food and Agricultural Organization (FAO) global per capita food consumption is expected to grow by approximately 4% from 2015 to 2030. This is expected to serve as a major boosting factor for citrus oil food products.

However, the growth of the global citrus oil market is impacted by factors such as fluctuating raw material prices and global supply-demand imbalances of raw materials. 

According to the statistics published by the United States Department of Agriculture, the global orange production for 2018/19 is forecast to expand 4.2 million metric tons (tons) from the previous year to 51.8 million as favourable weather leads to larger crops in Brazil and the United States. China’s production is projected down slightly to 7.2 million on un favorable weather, resulting in a smaller crop in Jiangxi province. Along with only a small increase in imports, consumption is lower on overall reduced supplies. South Africa and Egypt are the top two suppliers, accounting for 60 percent of imports. Orange production in Florida has been declining for years due to citrus greening, which has decimated groves and increased costs for crop maintenance. However, last year, the industry also suffered from damages caused by Hurricane Irma. The global fresh orange production decreased from 48,773 metric tons in 2014/2015 to 47,077 metric tons in 2015/2016 and increased to 53,838 metric tons in 2016/2017. This figure observed a sharp decline in 2017/2018 decreasing to 47,596 million tons. Due to these trade imbalances, the raw material cost is bound to fluctuate which might hamper the supply chain costs of manufacturers and is expected to pose as a critical factor impeding the market.

Citrus Oil Market Segment Analysis

Based on the end user, the market is segmented as food and beverages, pharmaceuticals, personal care, chemicals and others (home care products). 

Citrus oils are used as flavouring agents in food and beverages. According to the World Health Organization, Food is the principal source of exposure to citrus oils. The food and beverages segment of the global citrus oils market is anticipated to witness healthy growth rates in the future owing to the continuously increasing demand for food and beverages across the world.

According to the statistics by the World Bank, the World population increased from 7.46 billion in 2016 to 7.55 billion in 2017 reaching 7.63 billion in 2017. Consequently, the production of processed and flavored foods is also bound to rise to meet the demand of the growing population. The food grade and quality of beverage products are of paramount importance to consumers, which is a significant deciding factor before purchasing of finished goods. Increasing adoption of citrus oils as a natural ingredient and green chemicals and health benefits associated with it is one of the key primary factors boosting the food and beverages segment of the global citrus oils market.

Citrus Oil Market Geographical Analysis

The Global Citrus Oil Market is segmented into North America, Europe, Asia Pacific, South America and Middle East and Africa. 

The Asia Pacific region is further segmented into the countries such as China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific. APAC is expected to witness robust growth in the coming future. On the other hand, with increasing awareness among customers, it is expected that the demand for citrus oils is expected to grow over the forecast period.

With the increase in demand for personal care products due to rise in urbanization and increase in disposable income, it is expected that demand for citrus oils will increase during the forecast period. 

Aggressive marketing by the industry players and numerous brand improvement efforts by local manufacturers is attracting more consumers towards citrus oils and other citrus oil products. Introduction of the different variants of citrus oil products and numerous health benefits associated with their daily consummation, coupled with increasing popularity among geriatric population, is expected to boost the sales of the citrus oil products, thus leading to the growth of the citrus oil market over the forecast period.

In APAC, cosmetics is one of the largest application segments for limonene. In 2018, APAC was the largest and one of the fastest growing markets globally for the beauty and personal care industry. The region will be a driving force in establishing trends during the forecast period. According to a report by Loreal, a global cosmetic brand, the APAC region currently holds ~32% of the global beauty and personal care marketplace. 

Vendors in the market are sensitive to local trends and competition. For example, Indonesia, representing the largest Muslim population in the world, passed a regulation in 2015 that by 2020 all cosmetics products will have to be labeled as Halal. Whereas in China and India, there is a strong interest in local ingredients and herbal traditions and the properties that these essential oils and other products can bring to personal care products and cosmetics. Asian consumers are also somewhat discerning in terms of packaging. Therefore, with advent of natural and organic personal care products among consumers in the region, citrus oils market in the region is expected to grow at a significant rate during the forecast period.

Citrus Oil Market Competitive Analysis 

New product launches, expansion of facilities, mergers and acquisitions and strategic partnerships are vital strategies adopted by most of the companies to contribute to the growth of the company and improve their market growth rate. 

For instance, in January 2019, Flotek Industries, Inc., have entered into a definitive agreement to sell Florida Chemical Company, LLC, its Consumer and Industrial Chemistry Technologies segment, to Archer Daniels Midland Company. Flotek and ADM have entered into long-term reciprocal supply of d-limonene, an essential citrus oil. 

On March 18, Hempfield Botanicals, a Lancaster PA manufacturer of hemp-based cannabidiol (CBD) products introduced its line of terpene oral oils and face oils. 


Why Purchase the Report?

• Visualize the composition of the Global Citrus Oil Market across each indication, in terms of type and end users, highlighting the key commercial assets and players.

• Identify commercial opportunities in Global Citrus Oil Market by analyzing trends and co-development deals. 

• Excel data sheet with thousands of data points of the Global Citrus Oil Market - level 4/5 segmentation.

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

• Product mapping in excel for the key products of all major market players


Target Audience:

• Equipment Suppliers/ Buyers

• Service Providers/ Buyers

• Industry Investors/Investment Bankers

• Education & Research Institutes

• Research Professionals

• Emerging Companies

• Manufacturers

1. Global Citrus Oil Market Methodology and Scope

1.1 Research methodology

1.2 Research Objective and Scope of the Report

2.Global Citrus Oil Market – Market Definition and Overview

3. Global Citrus Oil Market – Executive Summary

3.1 Market Snippet by Source 

3.2 Market Snippet by Application

3.3 Market Snippet by Region

4. Global Citrus Oil Market – Market Dynamics

4.1 Market Impacting Factors

4.2 Drivers

4.2.1 Increasing use of green chemicals and natural ingredients

4.2.2 Health benefits of citrus oils

4.3 Restraints

4.3.1 Fluctuating raw material prices

4.3.2 Supply-demand imbalance

4.4 Opportunities

4.5 Impact Analysis

5. Global Citrus Oil Market – Industry Analysis 

5.1 Porter's Five Forces Analysis 

5.2 Regulatory Analysis

6. Global Citrus Oil Market – by Source

6.1.1 Introduction 

6.1.2 Market Size Analysis, and Y-o-Y Growth Analysis (%), by Source 

6.1.3 Market Attractiveness Index, by Source

6.2 Orange Oils

6.2.1 Introduction

6.2.2 Market Size Analysis, and Y-o-Y Growth Analysis (%)

6.3 Lime oils

6.4 Lemon oils

6.5 Grape Fruit oils

6.6 Others (mandarin oils)

7. Global Citrus Oil Market – By Application

7.1.1 Introduction 

7.1.2 Market Size Analysis, and Y-o-Y Growth Analysis (%), by Application

7.1.3 Market Attractiveness Index, by Application

7.2 Food and Beverages

7.2.1 Introduction

7.2.2 Market Size Analysis, and Y-o-Y Growth Analysis (%)

7.3 Pharmaceuticals

7.4 Personal Care

7.5 Chemicals

7.6 Others (home care products)

8. Global Citrus Oil Market – By Region

8.1 Introduction 

8.1.1 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region

8.1.2 Market Attractiveness Index, By Region

8.2 North America

8.2.1 Introduction

8.2.2 Key Region-Specific Dynamics

8.2.3 Market Size Analysis, and Y-o-Y Growth Analysis (%), by Source

8.2.4 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

8.2.5 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countries 

8.2.5.1 U.S.

8.2.5.2 Canada

8.2.5.3 Mexico

8.3 Europe

8.3.1 Introduction

8.3.2 Key Region-Specific Dynamics

8.3.3 Market Size Analysis, and Y-o-Y Growth Analysis (%), by Source

8.3.4 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

8.3.5 Market Size Analysis, and Y-o-Y Growth Analysis (%), By Countries 

8.3.5.1 Germany

8.3.5.2 U.K.

8.3.5.3 France

8.3.5.4 Italy

8.3.5.5 Spain

8.3.5.6 Rest of Europe

8.4 South America

8.4.1 Introduction

8.4.2 Key Region-Specific Dynamics

8.4.3 Market Size Analysis, and Y-o-Y Growth Analysis (%), by Source

8.4.4 Market Size Analysis, and Y-o-Y Growth Analysis (%), by Application

8.4.5 Market Size Analysis, and Y-o-Y Growth Analysis (%), by Countries 

8.4.5.1 Brazil

8.4.5.2 Argentina

8.4.5.3 Rest of South America

8.5 Asia Pacific

8.5.1 Introduction

8.5.2 Key Region-Specific Dynamics

8.5.3 Market Size Analysis, and Y-o-Y Growth Analysis (%), by Source

8.5.4 Market Size Analysis, and Y-o-Y Growth Analysis (%), by Application

8.5.5 Market Size Analysis, and Y-o-Y Growth Analysis (%), by Countries 

8.5.5.1 China

8.5.5.2 India

8.5.5.3 Japan

8.5.5.4 Australia

8.5.5.5 Rest of Asia Pacific

8.6 Middle East and Africa

8.6.1 Introduction

8.6.2 Key Region-Specific Dynamics

8.6.3 Market Size Analysis, and Y-o-Y Growth Analysis (%), by Source

8.6.4 Market Size Analysis, and Y-o-Y Growth Analysis (%), by Application

9. Global Citrus Oil Market – Competitive Landscape

9.1 Competitive Scenario

9.2 Competitor Strategy Analysis

9.3 Comparative Product Portfolio Analysis

9.4 Market Positioning/Share Analysis

9.5 Mergers and Acquisitions Analysis

10. Company Profiles

10.1 Symrise AG

10.1.1 Company overview

10.1.2 Product portfolio and description

10.1.3 Key highlights

10.1.4 Financial overview

10.2 Lionel Hitchen Ltd

10.3 Bontoux SAS

10.4 Citrus and allied essences ltd

10.5 Young Living Essential Oils LC

10.6 Citrus Oleo

10.7 Mountain Rose Herbs Inc

10.8 doTERRA International LLC

10.9 Citrosuco

10.10 Citromax SACI

11. Global Citrus Oil Market – Premium Insights

12. Global Citrus Oil Market – DataM 

12.1 Appendix

12.2 List of Tables and Figures

12.3 About Us and Services

12.4 Contact Us

List of Tables

Table 1 Global Citrus Oils Market Value, By Source, 2018,2022 & 2026 ($ Million)

Table 2 Global Citrus Oils Market Value, By Application, 2018,2022 & 2026 ($ Million)

Table 3 Global Citrus Oils Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 4 Global Citrus Oils Market Value, By Source, 2018,2022 & 2026 ($ Million)

Table 5 Global Citrus Oils Market Value, By Source, 2017-2026 ($ Million)

Table 6 Global Citrus Oils Market Value, By Application, 2018,2022 & 2026 ($ Million)

Table 7 Global Citrus Oils Market Value, By Application, 2017-2026 ($ Million)

Table 8 Global Citrus Oils Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 9 Global Citrus Oils Market Value, By Region, 2017-2026 ($ Million)

Table 10 North America Citrus Oils Market Value, By Source, 2017-2026 ($ Million)

Table 11 North America Citrus Oils Market Value, By Application, 2017-2026 ($ Million)

Table 12 North America Citrus Oils Market Value, By Country, 2017-2026 ($ Million)

Table 13 South America Citrus Oils Market Value, By Source, 2017-2026 ($ Million)

Table 14 South America Citrus Oils Market Value, By Application, 2017-2026 ($ Million)

Table 15 South America Citrus Oils Market Value, By Country, 2017-2026 ($ Million)

Table 16 Europe Citrus Oils Market Value, By Source, 2017-2026 ($ Million)

Table 17 Europe Citrus Oils Market Value, By Application, 2017-2026 ($ Million)

Table 18 Europe Citrus Oils Market Value, By Country, 2017-2026 ($ Million)

Table 19 Asia-Pacific Citrus Oils Market Value, By Source, 2017-2026 ($ Million)

Table 20 Asia-Pacific Citrus Oils Market Value, By Application, 2017-2026 ($ Million)

Table 21 Asia-Pacific Citrus Oils Market Value, By Country, 2017-2026 ($ Million)

Table 22 Middle East & Africa Citrus Oils Market Value, By Source, 2017-2026 ($ Million)

Table 23 Middle East & Africa Citrus Oils Market Value, By Application, 2017-2026 ($ Million)

Table 24 Symrise AG: Overview

Table 25 Symrise AG: Product Portfolio

Table 26 Symrise AG: Key Developments

Table 27 Lionel Hitchen Ltd: Overview

Table 28 Lionel Hitchen Ltd: Product Portfolio

Table 29 Lionel Hitchen Ltd: Key Developments

Table 30 Bontoux SAS: Overview

Table 31 Bontoux SAS: Product Portfolio

Table 32 Bontoux SAS: Key Developments

Table 33 Citrus and allied Essences Ltd: Overview

Table 34 Citrus and allied Essences Ltd: Product Portfolio

Table 35 Citrus and allied Essences Ltd: Key Developments

Table 36 Young Luving Essential Oils LC: Overview

Table 37 Young Luving Essential Oils LC: Product Portfolio

Table 38 Young Luving Essential Oils LC: Key Developments

Table 39 Citrus Oleo: Overview

Table 40 Citrus Oleo: Product Portfolio

Table 41 Citrus Oleo: Key Developments

Table 42 Mountain Rose Herbs LLC: Overview

Table 43 Mountain Rose Herbs LLC: Product Portfolio

Table 44 Mountain Rose Herbs LLC: Key Developments

Table 45 doTERRA Rose Herbs Inc: Overview

Table 46 doTERRA Rose Herbs Inc: Product Portfolio

Table 47 doTERRA Rose Herbs Inc: Key Developments

Table 48 Citrosuco: Overview

Table 49 Citrosuco: Product Portfolio

Table 50 Citrosuco: Key Developments

Table 51 Citromax SACI: Overview

Table 52 Citromax SACI: Product Portfolio

Table 53 Citromax SACI: Key Developments

 

List of Figures

Figure 1 Global Citrus Oils Market Share, By Source, 2018 & 2026 (%)

Figure 2 Global Citrus Oils Market Share, By Application, 2018 & 2026 (%)

Figure 3 Global Citrus Oils Market Share, By Region, 2018 & 2026 (%)

Figure 4 Global Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 5 Global Citrus Oils Market Y-o-Y Growth, By Source, 2018-2026 (%)

Figure 6 Orange Oils: Global Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 7 Lime Oils: Global Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 8 Lemon Oils: Global Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 9 Grape Fruit Oil: Global Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 10 Others: Global Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 11 Global Citrus Oils Market Y-o-Y Growth, By Application, 2018-2026 (%)

Figure 12 Food and Beverages: Global Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 13 Pharmaceuticals: Global Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 14 Chemicals: Global Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 15 Personal Care: Global Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 16 Others: Global Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 17 Global Citrus Oils Market Y-o-Y Growth, By Region, 2018-2026 (%)

Figure 18 North America Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 19 North America Citrus Oils Market Share, By Source, 2018 & 2026 (%)

Figure 20 North America Citrus Oils Market Share, By Application, 2018 & 2026 (%)

Figure 21 North America Citrus Oils Market Share, By Country, 2018 & 2026 (%)

Figure 22 South America Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 23 South America Citrus Oils Market Share, By Source, 2018 & 2026 (%)

Figure 24 South America Citrus Oils Market Share, By Application, 2018 & 2026 (%)

Figure 25 South America Citrus Oils Market Share, By Country, 2018 & 2026 (%)

Figure 26 Europe Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 27 Europe Citrus Oils Market Share, By Source, 2018 & 2026 (%)

Figure 28 Europe Citrus Oils Market Share, By Application, 2018 & 2026 (%)

Figure 29 Europe Citrus Oils Market Share, By Country, 2018 & 2026 (%)

Figure 30 Asia-Pacific Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 31 Asia-Pacific Citrus Oils Market Share, By Source, 2018 & 2026 (%)

Figure 32 Asia-Pacific Citrus Oils Market Share, By Application, 2018 & 2026 (%)

Figure 33 Asia-Pacific Citrus Oils Market Share, By Country, 2018 & 2026 (%)

Figure 34 Middle East & Africa Citrus Oils Market Value, 2017-2026 ($ Million)

Figure 35 Middle East & Africa Citrus Oils Market Share, By Source, 2018 & 2026 (%)

Figure 36 Middle East & Africa Citrus Oils Market Share, By Application, 2018 & 2026 (%)

Figure 37 Symrise AG: Financials

Figure 38 Lionel Hitchen Ltd: Financials

Figure 39 Bontoux SAS: Financials

Figure 40 Citrus and allied Essences Ltd: Financials

Figure 41 Young Luving Essential Oils LC: Financials

Figure 42 Citrus Oleo: Financials

Figure 43 Mountain Rose Herbs LLC: Financials

Figure 44 doTERRA Rose Herbs Inc: Financials

Figure 45 Citrosuco: Financials

Figure 46 Citromax SACI: Financials

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